Tuesday, February 4

Tag: Bill Gates

Microsoft’s Chris Young on Bringing AI to Main Street
11Nov By adminNo Comments
World

Microsoft’s Chris Young on Bringing AI to Main Street

Microsoft has spent most of this year touting the promise of artificial intelligence and how it can reshape society. The job for Chris Young, head of Microsoft’s corporate strategy, is making sure that hype turns into purchases of Microsoft’s AI tools.Young leads a hundreds-strong team that works with outside partners like Facebook parent Meta Platforms to develop products made with technologies such as augmented reality and generative AI. Young also oversees Microsoft’s venture investment arm M12, which does early-stage startup investments.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Microsoft sales beat estimates as customers prepare for AI rollout
24Oct By adminNo Comments
Business

Microsoft sales beat estimates as customers prepare for AI rollout

Microsoft on Tuesday beat Wall Street estimates for fiscal first-quarter results in all segments, with its cloud computing and PC businesses growing as customers anticipate using its artificial-intelligence offerings. Microsoft, which has heavily backed and collaborated with OpenAI, has yet to roll out most of the products based on its work with the ChatGPT creator. But enthusiasm among corporate technology buyers for features like the ability to summarize heaps of email into a few bullet points or speedily complete lines of computer code helped the company's revenue rise 13% to $56.5 billion in the quarter ended Sept. 30. That compares with analysts' consensus estimate of $54.52 billion, according to LSEG data. "The results indicated that artificial intelligence products are stimulating ...
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These College Dropouts Want to Automate Your Job Away With AI
23Oct By adminNo Comments
World

These College Dropouts Want to Automate Your Job Away With AI

Updated Oct. 23, 2023 9:12 am ETListen to article(2 minutes)Govind Gnanakumar was in diapers when Mark Zuckerberg dropped out of Harvard. Like the Meta founder, he won’t wait for a university diploma to start his business. The 19-year-old dropped out of the Georgia Institute of Technology in May to focus full time on his artificial-intelligence startup, Automorphic. He is among a swarm of teenagers and 20-somethings leaving college behind to capitalize on a gold rush in AI. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Digital Startup Convoy Is Winding Down Its Freight Business
18Oct By adminNo Comments
World

Digital Startup Convoy Is Winding Down Its Freight Business

Digital freight startup Convoy, a business founded by former Amazon.com executives that has drawn a star-studded lineup of tech investors, has suspended operations and is winding down its core business as it seeks alternatives that may include selling its technology, according to people familiar with the matter. Convoy, which raised $260 million in a funding round last year that valued the business at $3.8 billion, on Wednesday told employees in an email that it would stop accepting shipments until further notice and that it was rescheduling or canceling existing loads.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Bill Gates’ foundation buys Anheuser-Busch stock worth $95 million after Bud Light financial fallout
7Sep By adminNo Comments
Money

Bill Gates’ foundation buys Anheuser-Busch stock worth $95 million after Bud Light financial fallout

Bill Gates' foundation trust bought 1.7 million shares of Anheuser-Busch InBev after the company experienced a few months of controversy and declining stock prices. The Bill and Melinda Gates Foundation Trust bought the shares — valued at about $95 million — last quarter, according to an SEC filing.What is the controversy surrounding Bud Light?Anheuser-Busch took a hit earlier this year when Bud Light sales dipped following an Instagram ad campaign with Dylan Mulvaney. The transgender actress and activist partnered with the beer company on April 1, outraging many conservatives. Some people, including Kid Rock, called for a boycott of the beer, and reported sales dropped in the month that followed. Bud Light, which was once the nation's top selling beer, saw a 23% decline in May from the s...
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